Michael Nierenberg Biography

Michael Nierenberg is the current chairman of the board, CEO and the president of New Residential Investment Corp., a real estate investment firm. He was named the President and CEO of the firm in 2013, and three years later he was elected the Board Chairman. Before joining the prominent positions in the New Residential Investment, Nierenberg worked as the head executive and as the global leader of mortgages at the Bank America Merrill Lynch. He joined the bank of America after successfully working for JP Morgan as the leader of global securities divisions. He has also served as the managing director of an investment bank. In his career, Nierenberg has held several premier positions in different firms which include Bear Stearns.

Michael Nierenberg applied teamwork in his leadership skills which won him good cooperation, and as a result, in every organization, he left a positive mark. One of the most notable achievement Nierenberg left during his career was in Bear Stearns. Here, he served as the part of board directors’ team where he provided leadership skill and formulated strategies which helped the organization achieve its various goals. He also worked for Lehman Brothers, and he helped the business to offer adjustable rate mortgages.

The estimated net worth of Mr. Michael Nierenberg is $44.2 million as of information released last year June. He also owns over 1.7 million units of New Residential Investment stock that’s worth over $44 million, and for the previous three years, he has sold his NRZ stock. The most recent trade was carried out on 26th June 2018 with the exercise of 1.7 units he made over $25 million. This was believed to be the largest trade Nierenberg has ever carried out. In every 111 days, Michael trades about 412,885 units. As of 26 June 2018, he still owns approximately 2,644,060 units of New Residential Investment stock.

Mr. Michael Nierenberg is 55 years of age, and he joined New Residential Investment in 2016 where he has been serving as the Chairman of the Board, Chief Executive Officer, and the President. The oldest serving Executive at New Residential Investment Corp. is Mr. Douglas Jacobs who is 70 years old and serves as an Independent Director.

Michael Nierenberg’s: Twitter.

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